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Michael F. Easley
Governor
State of North Carolina
Office of the Governor
Governor's Press Office
State Capitol, Raleigh, NC 27603-8001
(919) 733-5612 - Toll Free 1-800-662-7005
FAX (919) 733-5166
For Release: IMMEDIATE Contact: Cari Boyce
Date: June 3, 2004 Phone: 919/733-5612
GOV. EASLEY HERALDS THOUSANDS OF NEW JOBS FOR NASH COUNTY
ROCKY MOUNT—Gov. Mike Easley today announced the development of Ford’s Colony at Rocky Mount, a retirement community projected to create 5,765 new jobs during the next 10 years.
“This announcement is proof that companies and developers are taking note of our state’s superior business climate and quality of life,” Easley said. “This project is a win-win for everyone by creating quality jobs, new revenue for the area and providing a place where our senior citizens can call home while they enjoy their golden years.”
Through a joint partnership, Realtec Inc. and the Belmont Co. will build Ford’s Colony, a premiere retirement community that will include 1,000 new homes, a golf course and a five-star restaurant.
During the 10-year development period, Nash County and the state is expected to see the following benefits as a result of this project:
• $442 million increase in demand for goods and services.
• $157 million growth in regional earnings.
• 5,765 new jobs created (including construction jobs), with a commitment by the developers to use all local builders, suppliers and vendors.
• $10.8 million in direct tax benefits to the county as well as $7.9 million for the city.
Ford’s Colony will receive $1 million in city and county grants including $500,000 from the city of Rocky Mount and $500,000 from Nash County.
Residents of the new community also will benefit from the state’s top-ranked colleges and universities. The developer is working with area colleges to provide evening classes and seminars for their residents.
“This area is progressive with its investments in education, the arts and the continued vision for the redevelopment of its downtowns,” said Drew Mulhare, Realtec, Inc., vice president of operations. “The state, county and city leaders and their staff are professionals and have been the most hospitable with us at every level.”
This development will be similar to Ford’s Colony at Williamsburg, Virginia, which has received praise for its leadership in community association operations and environmentally sensitive development. Ford’s Colony at Williamsburg has won the following awards: “Number One Master Plan in the Continental U.S.,” “One of America’s Best Golf Courses,” “AAA’s Five Stars” for its dining room awarded seven years in a row and national Community Association of the Year in 1999.
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Michael F. Easley
Governor
State of North Carolina
Office of the Governor
Governor's Press Office
State Capitol, Raleigh, NC 27603-8001
(919) 733-5612 - Toll Free 1-800-662-7005
FAX (919) 733-5166
For Release: IMMEDIATE Contact: Cari Boyce
Date: June 3, 2004 Phone: 919/733-5612
GOV. EASLEY HERALDS THOUSANDS OF NEW JOBS FOR NASH COUNTY
ROCKY MOUNT—Gov. Mike Easley today announced the development of Ford’s Colony at Rocky Mount, a retirement community projected to create 5,765 new jobs during the next 10 years.
“This announcement is proof that companies and developers are taking note of our state’s superior business climate and quality of life,” Easley said. “This project is a win-win for everyone by creating quality jobs, new revenue for the area and providing a place where our senior citizens can call home while they enjoy their golden years.”
Through a joint partnership, Realtec Inc. and the Belmont Co. will build Ford’s Colony, a premiere retirement community that will include 1,000 new homes, a golf course and a five-star restaurant.
During the 10-year development period, Nash County and the state is expected to see the following benefits as a result of this project:
• $442 million increase in demand for goods and services.
• $157 million growth in regional earnings.
• 5,765 new jobs created (including construction jobs), with a commitment by the developers to use all local builders, suppliers and vendors.
• $10.8 million in direct tax benefits to the county as well as $7.9 million for the city.
Ford’s Colony will receive $1 million in city and county grants including $500,000 from the city of Rocky Mount and $500,000 from Nash County.
Residents of the new community also will benefit from the state’s top-ranked colleges and universities. The developer is working with area colleges to provide evening classes and seminars for their residents.
“This area is progressive with its investments in education, the arts and the continued vision for the redevelopment of its downtowns,” said Drew Mulhare, Realtec, Inc., vice president of operations. “The state, county and city leaders and their staff are professionals and have been the most hospitable with us at every level.”
This development will be similar to Ford’s Colony at Williamsburg, Virginia, which has received praise for its leadership in community association operations and environmentally sensitive development. Ford’s Colony at Williamsburg has won the following awards: “Number One Master Plan in the Continental U.S.,” “One of America’s Best Golf Courses,” “AAA’s Five Stars” for its dining room awarded seven years in a row and national Community Association of the Year in 1999.
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